FREE Enterprises and Corporate Social Responsibilities Essay (original) (raw)

Recently, all social and environmental problems or issues have become important and crucial aspects for every business enterprise. Companies have a big influence and impact in the community and the economy of a country for it affects all areas of life within a society, therefore both profit and societal well-being must have an equal value for every enterprise. As it was said by Sigmar Gabriel the German Federal Minister for the Environment, how companies act has a big influence not just on the prospects of the individual but also on the ability of a society as a whole to realize its potential and shape a brighter future. Consequently, entrepreneurial activity has always borne a pronounced responsibility for social development and Corporate Social Responsibility provides an intelligent way to combine economically viable development, social responsibility and conservation of natural resources1.
There is no universally acceptable definition for CSR since there are many elaborated variants nevertheless, it can be described in several ways and some of the concepts I found more accurate are the followings: "What companies have embrace in order to achieve competitiveness while addressing societal issues and cost savings" and "The continuing commitment by business to behave ethically and contribute to economic development while improving the quality of life of the workforce and their families as well as of the local community and society at large."2 In 2001, The European Commission introduced CSR as a new policy approach for companies and stated that CSR is achieved when companies integrate social and environmental concerns in their business operations and in their interaction with their stakeholders on a voluntary basis3 and gave an accurate and simple definition which states that CSR is the responsibility of enterprises for their impacts on society.".
Still, may companies have adopted the misconception that profit and business are separate from community in fact, it is frequently described that business and social concerns are completely separate worlds and the state is the one who is responsible for addressing social needs; not business.

1. Doing good socially for businesses

"Doing Well by Doing Good-: Models of Corporate Social Responsibility The corporate scandals of the past years have raised many questions about businesses and their public interests. To answer these questions the field of corporate social responsibility has grown to great lengths and is now an everyday word in the business world. Corporate social responsibility (CSR) is also known as: business ethics, corporate citizenship, corporate accountability, and sustainability (Overview of Corporate Social Responsibility, 1) Business for Social Responsibility defines corporate social responsibi...

2. Business Ethics

Corporate Social Responsibly seems to have an unlicensed marriage to ethics. The idea behind ethics is to reach and surpass the call of duty, and Corporate Social Responsibility is about doing more than just making a profit. ... Corporate Social Responsibility is defined as "the idea that business has social obligations above and beyond making a profit." ... An added measure of accountability is placed on globally influential enterprises such as governments and transnational corporations. ... Society before self social responsibility. ...

3. Indian Parliament and the 2013 Companies Act

In such a situation, it becomes the responsibility of the government to provide an effective legally structured environment for corporates. ... Moreover, the concept of Corporate Social Responsibility holds a vital position in the Act. Corporate Social Responsibility Goyder (2003) argues: Industry in the 20th century can no longer be regarded as a private arrangement for enriching shareholders. ... (Matilda & Martin, 2007) studied that attitudes towards sustainable development and corporate social responsibility among future business leaders in Bangalore, India in 2007found a positive attitu...

4. Organizational Effectiveness

Educational Enterprises (a pseudonym) is one organization that must assess its effectiveness for sustainability. ... Values of integrity, fairness, social responsibility and enthusiasm are upheld by both staff and management daily. ... Work flow is established based on the canned curriculum that is created on the corporate level and passed down to the individual organizations, which simplifies teacher responsibilities in the classroom. ... The respondent indicated that from a theoretical and corporate standpoint, the organization functions at an optimal level. ... If a strategy was working i...

5. Starbucks - Corporate Social Responsibility

Question: Some organizations promote their social responsibility. These companies often claim that being ethical is good business and that it pays to be a "good corporate citizen." Identify an organization in your community that has a reputation for being ethical and socially responsible. ... Response: According to The World Business Council for Sustainable Development in its publication "Making Good Business Sense" by Lord Holme and Richard Watts, it defines Corporate Social Responsibility (CSR) as the ongoing commitment by business to act ethically and contribute to ...

6. Role of business in society

Each of these can be considered an evolutionary step forward from the previous theory in recognising and incorporating notions of corporate social and environmental responsibility. ... He feels that since corporate managers are not elected officials they have no jurisdiction or mandate to choose one social need over another. ... In discussing social responsibility, Friedman summarises his views in his book, Capitalism and Freedom: "[In a free society ] there is one and only one social responsibility of business - to use its resources and engage in activities designed to increase its profits...

7. Principles of Responsible Commerce

Corporate social responsibility (CSR) as both practice and theory spans a wide variety of issues, depending on what entities are perceived as being stakeholders. ... What is corporate social responsibility? Corporate social responsibility tells about how the companies are managing their business strategy to bring a positive impact on the economy. ... Corporate social responsibility had some standard form for assessing the social responsibility. ... In this case the corporate social responsibility looks into the environment impact on products and services. ...

8. International Business and Multinational Enterprise

These companies, known as "Multinational Enterprise" which implicates the organization that do business in multiple countries rather than only in domestic economy. ... Wild.J and Wild.K also claim that, values determine people's attitudes toward time, work, and responsibility. ... Social structure embodies a culture's fundamental organization, including its group and institutions, its system of social positions and their relationships, and the process by which its resources are distributed (Wild.J and Wild.K , 2014). Social structure plays a vital role in a lot of business...

9. Mercedes Benz - Business and Social Ethics

., said, "Pursuing the cause of public welfare is not only the responsibility of an enterprise, but also precondition that determines an enterprise's survival. Promoting and becoming a part of China's social harmony and rapid economic development is our obligatory responsibility and proactively shouldering social obligations is an important part of our long-term commitment to the Chinese market." ... Promoting global exchanges of public welfare, sports and culture is not only the demonstration of company brand connotations, but also the inevitable social responsibility of a corporate...

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